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Quote on Bank Nifty: The Bank Nifty index failed to surpass the hurdle of 43000, where the highest open interest is built up on the call side Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 24 January 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index failed to surpass the hurdle of 43000, where the highest open interest is built up on the call side. The index immediate downside support is visible at 42,500, which if breached will result in additional selling pressure. The index remains in the range-bound territory between 42500 and 43000, and a break on either side will lead to trending moves.
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